diff --git a/binutils/ChangeLog b/binutils/ChangeLog
index caa0829..004d9a3 100644
--- a/binutils/ChangeLog
+++ b/binutils/ChangeLog
@@ -1,3 +1,7 @@
+2015-08-24  Yaakov Selkowitz  <yselkowi@redhat.com>
+
+	* configure: Regenerate.
+
 2015-08-17  Alan Modra  <amodra@gmail.com>
 
 	* configure: Regenerate.
diff --git a/binutils/configure b/binutils/configure
index c47d0f8..82572e8 100755
--- a/binutils/configure
+++ b/binutils/configure
@@ -14135,31 +14135,6 @@ fi
 
 
 
-          am_save_CPPFLAGS="$CPPFLAGS"
-
-  for element in $INCICONV; do
-    haveit=
-    for x in $CPPFLAGS; do
-
-  acl_save_prefix="$prefix"
-  prefix="$acl_final_prefix"
-  acl_save_exec_prefix="$exec_prefix"
-  exec_prefix="$acl_final_exec_prefix"
-  eval x=\"$x\"
-  exec_prefix="$acl_save_exec_prefix"
-  prefix="$acl_save_prefix"
-
-      if test "X$x" = "X$element"; then
-        haveit=yes
-        break
-      fi
-    done
-    if test -z "$haveit"; then
-      CPPFLAGS="${CPPFLAGS}${CPPFLAGS:+ }$element"
-    fi
-  done
-
-
   { $as_echo "$as_me:${as_lineno-$LINENO}: checking for iconv" >&5
 $as_echo_n "checking for iconv... " >&6; }
 if test "${am_cv_func_iconv+set}" = set; then :
@@ -14168,6 +14143,8 @@ else
 
     am_cv_func_iconv="no, consider installing GNU libiconv"
     am_cv_lib_iconv=no
+                    am_save_CPPFLAGS="$CPPFLAGS"
+    CPPFLAGS="$CPPFLAGS $INCICONV"
     cat confdefs.h - <<_ACEOF >conftest.$ac_ext
 /* end confdefs.h.  */
 #include <stdlib.h>
@@ -14187,8 +14164,49 @@ if ac_fn_c_try_link "$LINENO"; then :
 fi
 rm -f core conftest.err conftest.$ac_objext \
     conftest$ac_exeext conftest.$ac_ext
+    CPPFLAGS="$am_save_CPPFLAGS"
+
+    if test "$am_cv_func_iconv" != yes && test -d ../libiconv; then
+      for _libs in .libs _libs; do
+        am_save_CPPFLAGS="$CPPFLAGS"
+        am_save_LIBS="$LIBS"
+        CPPFLAGS="$CPPFLAGS -I../libiconv/include"
+        LIBS="$LIBS ../libiconv/lib/$_libs/libiconv.a"
+        cat confdefs.h - <<_ACEOF >conftest.$ac_ext
+/* end confdefs.h.  */
+#include <stdlib.h>
+#include <iconv.h>
+int
+main ()
+{
+iconv_t cd = iconv_open("","");
+           iconv(cd,NULL,NULL,NULL,NULL);
+           iconv_close(cd);
+  ;
+  return 0;
+}
+_ACEOF
+if ac_fn_c_try_link "$LINENO"; then :
+  INCICONV="-I../libiconv/include"
+          LIBICONV='${top_builddir}'/../libiconv/lib/$_libs/libiconv.a
+          LTLIBICONV='${top_builddir}'/../libiconv/lib/libiconv.la
+          am_cv_lib_iconv=yes
+          am_cv_func_iconv=yes
+fi
+rm -f core conftest.err conftest.$ac_objext \
+    conftest$ac_exeext conftest.$ac_ext
+        CPPFLAGS="$am_save_CPPFLAGS"
+        LIBS="$am_save_LIBS"
+        if test "$am_cv_func_iconv" = "yes"; then
+          break
+        fi
+      done
+    fi
+
     if test "$am_cv_func_iconv" != yes; then
+      am_save_CPPFLAGS="$CPPFLAGS"
       am_save_LIBS="$LIBS"
+      CPPFLAGS="$LIBS $INCICONV"
       LIBS="$LIBS $LIBICONV"
       cat confdefs.h - <<_ACEOF >conftest.$ac_ext
 /* end confdefs.h.  */
@@ -14210,6 +14228,7 @@ if ac_fn_c_try_link "$LINENO"; then :
 fi
 rm -f core conftest.err conftest.$ac_objext \
     conftest$ac_exeext conftest.$ac_ext
+      CPPFLAGS="$am_save_CPPFLAGS"
       LIBS="$am_save_LIBS"
     fi
 
@@ -14222,12 +14241,34 @@ $as_echo "#define HAVE_ICONV 1" >>confdefs.h
 
   fi
   if test "$am_cv_lib_iconv" = yes; then
+
+  for element in $INCICONV; do
+    haveit=
+    for x in $CPPFLAGS; do
+
+  acl_save_prefix="$prefix"
+  prefix="$acl_final_prefix"
+  acl_save_exec_prefix="$exec_prefix"
+  exec_prefix="$acl_final_exec_prefix"
+  eval x=\"$x\"
+  exec_prefix="$acl_save_exec_prefix"
+  prefix="$acl_save_prefix"
+
+      if test "X$x" = "X$element"; then
+        haveit=yes
+        break
+      fi
+    done
+    if test -z "$haveit"; then
+      CPPFLAGS="${CPPFLAGS}${CPPFLAGS:+ }$element"
+    fi
+  done
+
     { $as_echo "$as_me:${as_lineno-$LINENO}: checking how to link with libiconv" >&5
 $as_echo_n "checking how to link with libiconv... " >&6; }
     { $as_echo "$as_me:${as_lineno-$LINENO}: result: $LIBICONV" >&5
 $as_echo "$LIBICONV" >&6; }
   else
-            CPPFLAGS="$am_save_CPPFLAGS"
     LIBICONV=
     LTLIBICONV=
   fi
diff --git a/config/ChangeLog b/config/ChangeLog
index 102fc47..6847cb9 100644
--- a/config/ChangeLog
+++ b/config/ChangeLog
@@ -1,3 +1,7 @@
+2015-08-24  Yaakov Selkowitz  <yselkowi@redhat.com>
+
+	* iconv.m4 (AM_ICONV_LINK): Use in-tree libiconv when present.
+
 2015-07-27  H.J. Lu  <hongjiu.lu@intel.com>
 
 	Sync with GCC
diff --git a/config/iconv.m4 b/config/iconv.m4
index c5f3579..5f9304a 100644
--- a/config/iconv.m4
+++ b/config/iconv.m4
@@ -7,6 +7,7 @@ dnl that contains a configuration script generated by Autoconf, under
 dnl the same distribution terms as the rest of that program.
 
 dnl From Bruno Haible.
+dnl with modifications to support building with in-tree libiconv
 
 AC_DEFUN([AM_ICONV_LINKFLAGS_BODY],
 [
@@ -28,24 +29,51 @@ AC_DEFUN([AM_ICONV_LINK],
   dnl accordingly.
   AC_REQUIRE([AM_ICONV_LINKFLAGS_BODY])
 
-  dnl Add $INCICONV to CPPFLAGS before performing the following checks,
-  dnl because if the user has installed libiconv and not disabled its use
-  dnl via --without-libiconv-prefix, he wants to use it. The first
-  dnl AC_TRY_LINK will then fail, the second AC_TRY_LINK will succeed.
-  am_save_CPPFLAGS="$CPPFLAGS"
-  AC_LIB_APPENDTOVAR([CPPFLAGS], [$INCICONV])
-
   AC_CACHE_CHECK(for iconv, am_cv_func_iconv, [
     am_cv_func_iconv="no, consider installing GNU libiconv"
     am_cv_lib_iconv=no
+    dnl Add $INCICONV to CPPFLAGS before performing the first check,
+    dnl because if the user has installed libiconv and not disabled its use
+    dnl via --without-libiconv-prefix, he wants to use it. This first
+    dnl AC_TRY_LINK will then fail, the second AC_TRY_LINK will succeed.
+    am_save_CPPFLAGS="$CPPFLAGS"
+    CPPFLAGS="$CPPFLAGS $INCICONV"
     AC_TRY_LINK([#include <stdlib.h>
 #include <iconv.h>],
       [iconv_t cd = iconv_open("","");
        iconv(cd,NULL,NULL,NULL,NULL);
        iconv_close(cd);],
       am_cv_func_iconv=yes)
+    CPPFLAGS="$am_save_CPPFLAGS"
+
+    if test "$am_cv_func_iconv" != yes && test -d ../libiconv; then
+      for _libs in .libs _libs; do
+        am_save_CPPFLAGS="$CPPFLAGS"
+        am_save_LIBS="$LIBS"
+        CPPFLAGS="$CPPFLAGS -I../libiconv/include"
+        LIBS="$LIBS ../libiconv/lib/$_libs/libiconv.a"
+        AC_TRY_LINK([#include <stdlib.h>
+#include <iconv.h>],
+          [iconv_t cd = iconv_open("","");
+           iconv(cd,NULL,NULL,NULL,NULL);
+           iconv_close(cd);],
+          INCICONV="-I../libiconv/include"
+          LIBICONV='${top_builddir}'/../libiconv/lib/$_libs/libiconv.a
+          LTLIBICONV='${top_builddir}'/../libiconv/lib/libiconv.la
+          am_cv_lib_iconv=yes
+          am_cv_func_iconv=yes)
+        CPPFLAGS="$am_save_CPPFLAGS"
+        LIBS="$am_save_LIBS"
+        if test "$am_cv_func_iconv" = "yes"; then
+          break
+        fi
+      done
+    fi
+
     if test "$am_cv_func_iconv" != yes; then
+      am_save_CPPFLAGS="$CPPFLAGS"
       am_save_LIBS="$LIBS"
+      CPPFLAGS="$LIBS $INCICONV"
       LIBS="$LIBS $LIBICONV"
       AC_TRY_LINK([#include <stdlib.h>
 #include <iconv.h>],
@@ -54,6 +82,7 @@ AC_DEFUN([AM_ICONV_LINK],
          iconv_close(cd);],
         am_cv_lib_iconv=yes
         am_cv_func_iconv=yes)
+      CPPFLAGS="$am_save_CPPFLAGS"
       LIBS="$am_save_LIBS"
     fi
   ])
@@ -61,12 +90,10 @@ AC_DEFUN([AM_ICONV_LINK],
     AC_DEFINE(HAVE_ICONV, 1, [Define if you have the iconv() function.])
   fi
   if test "$am_cv_lib_iconv" = yes; then
+    AC_LIB_APPENDTOVAR([CPPFLAGS], [$INCICONV])
     AC_MSG_CHECKING([how to link with libiconv])
     AC_MSG_RESULT([$LIBICONV])
   else
-    dnl If $LIBICONV didn't lead to a usable library, we don't need $INCICONV
-    dnl either.
-    CPPFLAGS="$am_save_CPPFLAGS"
     LIBICONV=
     LTLIBICONV=
   fi
